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co-executor question Ohio Ohio

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  • co-executor question Ohio Ohio

    hi,

    mom died in 2008 and quit-claimed her house to the four daughters, which essentially took it out of the estate, so to speak. only two of us are co-executors. we are prepping to sell the property and i'd like to know: how many of us need to sign the listing agreement to place the house on the market? can co-executors act independently of each other (i.e., could only one of us put the house on the market) if the will does not specify an "act independently " clause? i know all four need to agree to sale terms and will sign the final sales contract, but my sister seems to be under the impression she alone, as the other executor, can place the house for sale without permission/signature from other executor. i suspect this is asking for trouble.

    thanks - ohio

  • #2
    Executors are only allowed to transact business related to assets that are in the estate. Per your post, the house is not part of the estate. Therefore, all owners will likely need to sign agreements. It's possible that the other owners could grant power of attorney to one individual in order to facilitate the process.
    I am not able to respond to private messages. Thanks!

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